SHF Holdings, Inc. SHFS has originated a $6.7 million loan for a global real estate investment firm. The loan is secured by a first lien on a class A multitenant cannabis industrial property located in Oakland, California.
“The origination of this loan will generate fee and interest revenue for Safe Harbor Financial while further advancing the company toward our quarterly and annual credit issuance goals,” stated Sundie Seefried, chief executive officer at Safe Harbor Financial. “I am proud of the team for successfully underwriting this loan, which involves a prominent and sophisticated borrower and a property with over a dozen separate cannabis businesses, each of which had to be evaluated in connection with both a credit and Bank Secrecy Act compliance analysis. While our deep compliance expertise provides for greater risk arbitrage, our position in the marketplace as the bridge between cannabis and finance continues to provide us with access to superior credit opportunities.”
Photo by Giorgio Trovato on Unsplash
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